Is Greenwood Village, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenwood Village is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Greenwood Village was a Neutral Market.

Key Takeaway

Greenwood Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Greenwood Village, CO

How much do homes in Greenwood Village, CO cost?

Median Sold Price

$1,322,065

$389/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$557,935(-29.7%)

Key Takeaway

Homes in Greenwood Village have sold for 29.7% less than they did a year ago.

Summary: The median home sold price in Greenwood Village was $1,322,065 in October 2024, down 29.7% from last year, and the median price per square foot was $389.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $339.5K$378.7K
+11.5%
2 $463.2K$435K
-6.1%
3 $1.4M$750K
-48.3%
4 $1.9M$1.5M
-19.6%
5+ $2.3M$2.0M
-11.8%

Summary: Greenwood Village housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 48.3%, 4 bedroom homes decreased by 19.6%, and 5+ bedroom homes decreased by 11.8%.

Median Sold Price Compared To Nearby Cities

Southwest Arapahoe
-5.0%
Centennial
-5.8%
Englewood
-6.2%
Greenwood Village
-29.7%

Housing Supply in Greenwood Village, CO

How many homes are available in Greenwood Village, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7875-3.8%

Summary: The Greenwood Village real estate market had 75 homes for sale in October 2024, a 3.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 87
-12.5%
2 1415
+7.1%
3 89
+12.5%
4 1712
-29.4%
5+ 3132
+3.2%

Summary: The Greenwood Village housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 29.4%, and 5+ bedroom homes increased by 3.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1220+66.7%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenwood Village, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Greenwood Village in October 2024, up by 66.7% month-over-month. Of the 20 sold homes, 70% were sold under asking, 15% were sold at asking, and 15% were sold over asking.

Days on Market for Greenwood Village, CO

How long does it take to sell a home in Greenwood Village, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
4 Days61 Days+1356.0%

Summary: Homes in Greenwood Village had an average of 61 days on market in Oct 2024, up by 1356% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Greenwood Village are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 20 homes were sold in Greenwood Village; 40% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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